August 28, 2017 / 11:07 PM / a month ago

Judge sanctions CFPB, strikes claims against payment processors

A federal judge has sanctioned the Consumer Financial Protection Bureau for its conduct in an enforcement action against several payment processors, saying the bureau violated court instructions to identify the factual bases for its claims.

In a decision on Friday, U.S. District Judge Richard Story in Atlanta granted four payment processors’ bid to have claims against them dismissed, agreeing that that was the appropriate sanction for the bureau’s refusal to comply with court orders.

To read the full story on Westlaw Practitioner Insights, click here: bit.ly/2vmmcgv

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